Foreclosure is an awful thing to be faced with finding a solution for this problem is a process that needs to be dealt with by a professional. Although, hiring a mortgage lawyer can be expensive many homeowners have found that without a mortgage lawyer they have been told one thing while in actual fact the complete opposite is happening right in front of their face. It has also been known for lenders to tell borrowers that they have qualified for the loan modification and then still go ahead with the foreclosure after denying them the modified loan.
Loan modifications promised and then denied
It has been seen time and time again, where lenders have been led to believe that the bank and borrower are working together so they do not end up having their home foreclosed on them, to then find that this has not been the case. Not only is their home foreclosed on but they were never going to get the loan modification either.
Believe it or not but this actually happens far more than people realize. It was found that in 2010 after research had been conducted that only two percent of funds from the HAMP were used in loan modifications.
Unfortunately this means that most people are led to believe that they will get the loan modification they have requested and then find that they were going to fail at getting the modified loan. This shows that lenders and the government just haven’t made enough progress when it comes to modifying loans.
Foreclosure still goes ahead and your rights are taken away
Do not be under the impression that because the bank tells you, you will get the loan modification that it is a certainty, because it is not. Many times it has been found that the complete opposite happens. The problem is that so many people do not want to believe that the chance of their loan modification being refused is a possibility.
Loan Modification Specialists has over 10 years experience of which thousands of Foreclosure cases have been prevented.
We can Stop Foreclosure. We can lower your payments and we have multiple alternatives to help you get your finances back on track. Get Started Today!
We take pride in knowing that we worked as aggressively and strategically as possible to ensure that our clients are protected. Our staff of foreclosure litigation and loan modification experts worked diligently with each and every client, ensuring that we have dotted our Is and crossed our Ts in every aspect throughout our relationship. Our network of supporters include industry experts such as real estate and mortgage brokers, private lenders, hard-money lenders, investors, auditors among others reinforce our processes by supplying us opportunities that overcome almost any obstacle.
This what makes makes us different and this is why we are successful.